Olongapo Sports Corporation distributes two premium golf ballsFlight Dynamic and Sure Shot. Monthly sales and the contribution margin ratios for the two products follow: Product Flight Sure Dynamic Shot $ 700,000 $ 300,000 61% 72% Sales CM ratio Total $1,000,000 ? Fixed expenses total $559,500 per month. Required: 1. Prepare a contribution format income statement for the company as a whole. 2. What is the company's break-even point in dollar sales based on the current sales mix? 3. If sales increase by $56,000 a month, by how much would you expect the monthly net operating income to increase? Required 1 Required 2 Required 3 Prepare a contribution format income statement for the company as a whole. (Round your percentage answers to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) Sure Shot Flight Dynamic Amount % Total Company Amount % Amount % Sales $ 300,000 100.00% 1,000,000 100.00% Variable expenses $ 700,000 100.00% 273,000 39.00% $ 427,000 61.00 % 357,000 35.70% 84,000 28.00% $ 216,000 72.00 % 643,000 64.30 % Contribution margin Fixed expenses Net operating income 559,500 $ 83,500 Required 1 Required 2 Required 3 What is the company's break-even point in dollar sales based on the current sales mix? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Break-even point in sales Required 1 Required 2 Required 3 If sales increase by $56,000 a month, by how much would you expect the monthly net operating income to increase? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Net operating income increases by